Overseas Shipholding Group Inc. (OSG) Trading Up 4.6%
Overseas Shipholding Group Inc. (NYSE:OSG) shares were up 4.6% during mid-day trading on Wednesday . The company traded as high as $11.09 and last traded at $10.97, with a volume of 465,091 shares changing hands. The stock had previously closed at $10.49.
The stock’s 50-day moving average price is $11.04 and its 200 day moving average price is $11.04. The company has a market capitalization of $740.72 million and a P/E ratio of 3.67.
Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $243.76 million for the quarter, compared to the consensus estimate of $233.54 million. Equities analysts anticipate that Overseas Shipholding Group Inc. will post $1.07 EPS for the current year.
In related news, major shareholder Paulson & Co. Inc. sold 35,073 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $10.82, for a total transaction of $379,489.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.
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